Energy Department Secretary Christopher Wright told Fox Business’s Maria Bartiromo that the Trump administration plans to invest $625 million in the coal industry.
Wright claimed the move will “lower energy costs and enable the U.S. to win the global race for dominance in artificial intelligence.”
From Fox Business:
“We’re going to export more of that coal, we’re going to use it for American industry, particularly as we reindustrialize, and it’s going to continue to provide 15%-16% of our electricity and enable us to reindustrialize and win the AI race,” Wright said.The $625 million investment includes $350 million to modernize coal plants with reliable electric power and capacity; $175 million for coal projects that are expected to bring cheaper, more reliable energy to rural communities; $50 million to upgrade wastewater management systems to extend the lifespan of coal plants and reduce operating costs; $25 million to enable coal power plants to operate on dual fuel; and $25 million to support investments that will maintain boiler efficiency and reliability when utilizing 100% natural gas.
Wright described coal as the “‘backbone’ of steel production, critical for cement production and necessary to feed the AI boom.”
The move would also align us with China and India.
In December, Leslie wrote about how coal usage reached a record high, primarily due to China and India.
Leslie stressed that coal usage is beneficial for energy security, as we need energy, especially electricity, to survive.
Someone tell those crazy environmentalists that they need that electricity to power their silly electric vehicles.
Wright agreed with Leslie:
“Coal just makes the world go round. And they’ve tried to strangle it, particularly the Biden administration, starting with the Obama administration,” Wright said, adding that coal has “a long future.””Let’s stop wishing it would go away,” Wright said of coal. “It’s critical to our country.”
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